aiindustrytoday.com · Thu 12 Nov

AIAI-generated summary Nebius shares dropped 10% after the company issued a weak outlook and reported expectations for increased 2026 capital expenditure spending. Nvidia held about $329 million in Nebius shares at the end of June according to a filing, while Nebius raised $5.75 billion in debt financing during the quarter.

NVIDIA Earnings

AIAI-generated summary Foxconn reported a sixty-four percent year-over-year rise in operating profit for the third quarter of two thousand twenty-six and forecast continued growth in AI rack shipments. The manufacturer recorded revenue of NT$3.016 trillion for July to September while cloud and networking products accounted for fifty-four percent of that revenue.

AI Data Centers

AIAI-generated summary Genians reported third-quarter 2026 revenue of 13.8 billion won and operating profit of 3.8 billion won. The company is building an AI security subscription business featuring its Nexus Framework and GSP cloud subscription service.

Enterprise AI

AIAI-generated summary OpenAI chief executive Sam Altman warned Samsung executives that double-counted artificial intelligence demand might create short-term volatility. Financial News reported that Altman still expected substantial long-term growth in artificial intelligence use and called for additional supply-chain investment.

OpenAI Sam Altman AI Adoption